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Breaking News

Jussie Smollett’s conviction for racist, homophobic attack hoax tossed in stunning reversal
Business

Business briefs

By
Post Staff Report
Published Nov. 12, 2010, 5:00 a.m. ET

GE Volted

General Electric CEO Jeffrey Immelt said GE will buy 12,000 GM electric vehicles starting next year, beginning with the Volt.

Cisco hit

Technology bellwether Cisco Systems shares tumbled more than 16 percent to $20.52 yester day, a day after a gloomy revenue outlook disap pointed investors.

Foxwoods

Scott Butera was named CEO of Fox woods Resort Casino’s parent company, Ma shantucket Pequot Gam ing Enterprises. He had been president and CEO of Las Vegas-based Tro picana Entertainment.

BlackRock

Mizuho Financial Group agreed to buy a 2 percent stake in Black Rock for $500 million. Mizuho’s stake in the world’s largest asset manager will include 2.45 million shares sold directly by Bank of America.

Tim Hortons

Tim Hortons, Canada’s largest restaurant chain, reported a 21 percent rise in third-quarter profit yesterday, but said it will close 36 units in New England.